Inflation hits 40-year high - what it means for your finances
Experts had predicted the figure to reach this high, which means Brits have less purchasing power than before.
Consumers are already battling rocketing energy bills along with hiked tax bills that came in last month. Chancellor Rishi Sunak said “we cannot protect people completely” from global problems which contributed to inflation hitting the 9% mark. Petrol prices are also contributing to inflation, which has seen its biggest annual increase on record.
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